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Mar 31, 2022

Mersana Q1 2022 Earnings Report

Mersana reported financial results and provided a business update for the first quarter ended March 31, 2022.

Key Takeaways

Mersana Therapeutics reported its Q1 2022 financial results and provided a business update, highlighting the potential of UpRi to transform ovarian cancer treatment and the advancement of XMT-1660 and XMT-2056 into clinical trials.

UpRi has the potential to transform the treatment paradigm for patients with ovarian cancer.

Mersana's development strategy is designed to advance UpRi from platinum-resistant ovarian cancer into earlier lines of treatment.

Mersana has a strengthened balance sheet and preparations to move XMT-1660 and XMT-2056 into the clinic in the near term.

Mersana anticipates delivering clinical data across all three of its platforms and building a leading ADC company.

Total Revenue
$2.04M
Previous year: $11K
+18409.1%
EPS
-$0.59
Previous year: -$0.5
+18.0%
Gross Profit
$1.83M
Previous year: -$27.4M
-106.7%
Cash and Equivalents
$230M
Previous year: $228M
+0.7%
Free Cash Flow
-$8.28M
Previous year: -$27.1M
-69.5%
Total Assets
$258M
Previous year: $248M
+4.2%

Mersana

Mersana